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- 10-09-2024
10-09-2024
Fernando Fierro
September 10, 2024
Howdy folks,
📢📉 Nigerian authorities are cracking down on unregistered crypto exchanges, fueling a tense legal battle with top players like Binance and KuCoin. The Nigerian SEC is ramping up actions against non-compliant exchanges to safeguard the local economy, intensifying scrutiny and enforcement efforts.
Meanwhile, the ongoing legal struggle has impacted local users, and industry insiders worry about balancing regulation and innovation.
In other news:
🌐💼 Ethereum Foundation’s ETH sell-offs continue post a $9.99M donation, with Vitalik Buterin emphasizing that the proceeds target ecosystem growth and broader charity. A recent 760 ETH sale for $1.835M USDC has raised questions amid declining prices due to waning ETH ETF hype.
With speculation that prominent trader Jump Trading's sell-off might be concluding, is a price reversal on the horizon?
🚀🪙 Tokocrypto, backed by Binance, has secured a pivotal Physical Crypto Asset Trader (PFAK) license from Indonesia's regulatory body, Bappebti. This makes Tokocrypto the third fully licensed exchange in the country, solidifying its position in Indonesia's burgeoning crypto market, which has 35 prospective exchanges vying for similar approvals.
With over 4.5 million users and a 138% surge in trading volume, Tokocrypto’s rapid growth underscores its increasing trust and compliance in the domestic crypto landscape.
📈💰 Metaplanet has acquired additional Bitcoins worth 300 million yen ($2.09M), bolstering its total holdings to 398.832 BTC. This investment aligns with a recent rally in Bitcoin prices, which rose 3.12% to trade at $57,052.
Notably, following this Bitcoin purchase, Metaplanet’s stock also increased by 4.42% on September 10.
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